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First-time home buyer programs in Arlington, TN

Quick answer

First-time buyers in Arlington, TN can use 3%-down conventional loans (up to the $832,750 Shelby County conforming limit), 3.5%-down FHA, or VA and USDA where eligible, plus 2 verified city, county or statewide assistance programs. On the $367,700 median home, 3% down is about $11,031 and the estimated payment is $2,869/month at 7.18%.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $125,909; value-to-income ratio 2.92. Arlington ranks 12 by home value and 40 by population among 65 places in our TN dataset.

What does a first-time buyer loan cost on a typical Arlington home?

ItemArlington
Median home value (Census ACS)$367,700
Tennessee median home value$256,800
Down payment (3%)$11,031
Loan amount$356,669
Estimated monthly payment (PITI + MI)$2,869
Income needed (28% / 36%)$123,000 / $96,000
Shelby County 2026 conforming limit (1 unit)$832,750
Max purchase price at the limit$858,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Tennessee's 0.55% effective property tax rate (Census ACS), $1,649/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.

What is the 2026 conforming loan limit in Arlington?

Arlington is in Shelby County. Conventional 3%-down loans go up to the $832,750 conforming limit (price ≈ $858,000); FHA loans go up to $541,287.

The Arlington median home value of $367,700 is 43% above the Tennessee median, and within what the county limit supports.

Which down payment assistance programs can Arlington buyers use?

First-time buyer loans in nearby cities

LakelandBartlettGermantownAtokaColliervilleMillington

First-time buyer loan FAQs for Arlington

On the $367,700 median: 3% conventional ≈ $11,031, 3.5% FHA ≈ $12,870, and 0% for eligible VA or USDA buyers. Conventional loans above $832,750 in Shelby County become jumbo loans.

At the $367,700 median value (above the Tennessee median of $256,800), the estimated payment of $2,869/month at 7.18% needs about $123,000 a year under the 28% housing guideline, or $96,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 2 statewide programs are verified for this city (2 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.